The EUR/USD pair initially fell during the course of the session on Thursday, testing the 1.35 level again. With that being the case, the market bounced high from the massive support area, thereby forming a candle that is essentially a hammer. This candle of course is a buying opportunity and we believe that a break of the highs will more than likely send this market looking for the 1.3650 level, and then possibly the 1.37 level given enough time. The 1.35 level should continue to be a bit of a “floor” in this market, thereby we will continue to buy as long as we can hold that level.
